The Big Sandy news. [volume] (Louisa, Ky.) 1885-1929, 1887-12-08
BANKING AND FARMING.

Two Interesting Public Reports Tho
Comptrolicr's Statement Of the Condi-
tioh of the National Banks = Gonmis-
sioncr Coieman's Work In the Agricuit-
al Department.
THE NATIONAL BANKS
WASHINGTON, Dec. 2.-rhe annual report Of
She Comptroller of the Currency shows thut
the total number OF Nat onal banks organized
up to October 81 was asa OF which Go have
gone into voluntary liquidation, ll9 have failed,
leaving in operation ut that date 1901. The to-
tai number OF new banks formed during the last
year was 22j: total number closed during the
year, a. OF which % went into voluntary liQui-
dalton and failed.
The gross increase in Natonal-bank capital
during the year amounted TO t3G,S0i7I5, OF
which ~, s6S0l5 represents an increase OF capt.
tai by banks exist ng November 1, 1898. Thers
was, howevef, dec ease OF capital OF S,S,2,-
40, Of which s4,0S7, i51 was the aggregate capt.
tai OF the thirty-three banks which went into
voluntary llquidat on and failed, and the re-
mainder represents q decrease OF capital by
banks still IN operation. The net increase of
capital for the year Is, therefore, SlO,572,32i
On the other hand there Is q net decrease OF
t50 405, $50 in the circulation represented by
bonds The decrease result ng from the sur
render OF circulation by banks still in operation
is S51,710,4 40 aud the decrease caused by bunks
going into voluntary liquidation and failing IS
Si,214, $50, making gross decrease OF s}a0'4,-
S39 Offset by total increase OF sS 5i9 2G5, which
consists OF an increase by the formation OF new
banks OF S4,5g2,O91 and an increase OF crcula-
t.on by previously existing banks TO the amount
OF a., 9j7, 175.
In the cases OF four OF the I'VE banks which
failed the creditors have received principal and
interest in full and in the case OF the NTH the
total of dividends amounts to 81 per cent The
total amount Of money paid in div. .dends during
the last year is s2, 1OG so3; whole amount paid
to creditors OF insolvent banks since the sys-
tom has been in operation is SO i3l ,g3G upon
proved claims amount ng to H6, ,93s, 5SS; total
assessments on stockholders, S99i1.sjo OF
which gross collections have amounted TO
GIGS. 56s.
banking laws. He recommends that the mini
mum amount of bonds TO be deposited by
bank as security for circulation shall be 10 per
cent. OF the capital Of banks not over s2j),000,
and sos 600 for banks Of which the capt. ii ex-
ceeds SO 900; also that the sem-annual duty
on circulation be hereafter charged oaly on the
amount issued upon bonds deposited in excess
OF the minimum amount ns above; also that he
Nat'onal-bank notes be counted as part Of the
lawful reserve of banks.
The existing laws as TO the responsibility OF
officers OF banks modified by this code so as
TO avoid existing obstacles TO their prompt en-
forcement. The restriction on banks as 10 MAX
ing loans IN EXCESS OF ~ pcr cent Ol clipilu W
any one party is modified in respect 10 loans
upon collateral security and the total limit is
raised to % per cent. o: capital and surplus.
The provisions as TO reserve upon deposits are
modified so as not TO include Government de-
posits and the provision as to State tlxation
OF National banks is also modified.
THE FIGHT AGAINST PLEURo.
WAsHISGToN, Dec. e.-The annual report of
the Commissioner OF Agriculture says that the
Governors OF thirty-one States and Territories
have accepted the rules AMI regulations OF
the Bureau OF Animal Industry in regard
TO pleuro-pneumonia and promised the
assistance OF local police officers to
secure their enforcement. In add
ton the Legislatures of Rhode Island,
Virginia, New York and Illinois have
enacted laws providing for cooperation. The
worst infected counties, the report says, and
those from VIII ch there WIS most danger OF
the spread OF the dseasc-viz., those in the
ne .ghborhood of New York, Chicago and Bal
timore-have been plnced in quarantine aud
no cattle allowed 10 leave them without per-
nit issued after special examination By his
means n woutbreaks have been almost entire
ly prevented.
From the beginning of the work for the
eradication OF This disease. in August, 1885, 10
October 81, 1887, the inspectors OF the bureau
have inspected 1887 herds, containing 1l7,-
$50 animals, in districts where the plague
was supposed to exist. Among these
there were found 193 injected herds,
containing 1876 animals. OF which 2,2s5
were affected with pleuropneumoniu. These
figures do not include 2,S7S head OF cattle in
the disiillery stables OF Chicago, nearly half
of which were deceased. The number OF
animals found affected by this d seasc and
the lumber OF infected herds were much
greater than had been anticipated, and the
work for its control has subsequently required
n a uuly lnrppr force and
pcndture of money. The progress made, how
ever has been yefy~satisfactory, and the APP
preparation has been Il und sufficient TO meet
the demands made upon It,
The Commissioner expresses regret at the I'M
avoidabe loss inf cted on the farmers of HE
nos by the cattle quarantine, and adds:
There has not been time. in years when
this malady has been confined % such restrict
cd areas as at present, and. co 'eqnently, the
condt ons are very favorat-- for its COM
plete eradication. II the State authori-
ties continue their cooperation rs at present,
which there is every reason TO expect, and II
III appropriation is made by Congress equal to
that OF the present fseal year, aud with author
tty for lis similar use, it is believed that this
dangerous plague can be exierminated blythe
end of the next fiscal year
The Commissioner says It is yet too early to
make an official statement OF the results in de-
tail of the present years experiments IN the
development OF Sorghum-Sugar manufacture,
but that enough is known already TO enable this
country 10 anticipate an early success OF the
enterprise.
The experiments in silkreeling have not yet
reached the point of paying their own expenses,
but that was hardly TO be hoped for with
plant SO limited. Another years experience, it
is expected, will show what can be done under
favorable conditions,
The Commss oncr recommends that the
Public Printer be authorized TO furn sh to
the agricultural press Of the country at the
mere cost OF labor and material electrotypes
OF such illustrations o: the department
as the editors may desire, and that
the duties OF the seed division be trans
ferred TO State and Territorial experiment
stations The Commissioner dsapproves OF the
Efforts TO make his department an Executive
department with a Cabinet Minister at its head.
He says that the building OF reservoirs among
the Rocky Mountains for the storage OF an i'm
mense volume of water row wasted should
command the early attention OF Congress.
a Hotel and Nine Other Buildings In
Brookviilc Destroyed by Fire : Four
Lives Lost.
BRooKvIILE, Kan, Dee. 2-The Lawrence
Hotel, six business houses and three dwell
ings burned here Mt | o'clock yesterday
morning Four men Fireman Brimer